Why is Spacenet Enterpr falling/rising?

As of 07-Jul, Spacenet Enterprises India Ltd is experiencing a price increase, currently at 8.08, reflecting a change of 0.35 or 4.53% upward. The stock has outperformed its sector by 3.83% today and is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. Over the past week, the stock has shown a significant return of +16.43%, contrasting sharply with the Sensex, which has declined by 0.22%. Despite a year-to-date decline of -58.26%, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 124.90%. However, it has also faced challenges, including a low return on equity (ROE) of 4.90%, indicating poor management efficiency.
In the broader market context, while the stock has underperformed significantly over the past year with a return of -75.68% compared to the Sensex's +4.68%, its recent performance suggests a potential turnaround. The stock's current price movement may be influenced by its relatively low debt-to-equity ratio and a fair valuation compared to peers, as it trades at a discount to historical valuations. Despite these positive indicators, the overall underperformance in the last year, coupled with low profitability per unit of shareholders' funds, raises concerns about the stock's sustainability in the face of broader market trends.